Minn. R. agency 148, ch. 4900, DEVELOPMENT COST LOANS, pt. 4900.0240

Current through Register Vol. 49, No. 29, 2025
Part 4900.0240 - CANCELLATION OR RECALL OF DEVELOPMENT COST LOAN

The members of the agency may, from time to time, review the remaining unexpended balance of any development cost loan and cancel and/or recall the remaining balance thereof from the housing sponsor upon a determination, in the sole discretion of the mem bers, that reasonable progress has not been and/or will not be made in the development of a housing project.

Minn. R. agency 148, ch. 4900, DEVELOPMENT COST LOANS, pt. 4900.0240

Statutory Authority: MS s 462A.06